Bitcoin Cash BCH/USD is trading at 548. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend in Bitcoin Cash. As part of the forecast for the digital currency, the Ichimoku Kinko Hyo cloud bottom test is expected near the 525 level, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above the level of 680.
Bitcoin Cash forecast & analysis BCH/USD August 19, 2018
An additional signal in favor of the growth of the cryptocurrency will be a rebound from the upper boundary of the bearish channel, as well as a test of the support level. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 525.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 495 level, which will indicate a change in the flat trend in favor of a bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 610.
Bitcoin Cash forecast & analysis BCH/USD August 19, 2018 suggests an attempt to correct the cryptocurrency and test level 525, where we can expect the continued growth of the Bitcoin Cash rate with a potential target near the level of 680, the cancellation of the growth option will come down and the breakdown of the 495 area, in this case expect a continuation of the decline.
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